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government debt, u.s. government bonds again. >> you fast forward to the debt ceiling. i think that's the mirror image of the fiscal cliff. because the default, if nothing happens, is that the debt ceiling is not raised. what that means it doesn't mean, as some who would demagogue this issue suggest, i doesn't mean a default on our debt. whatnot raising the debt ceiling would mean is a partial government shutdown. roughly 40 cents of every dollar the federal government spends is borrowed. if you don't raise the debt ceiling, that 40 cents is temporarily stopped. now we did that in 1995. we didn't default on our debt. >> woodruff: right. the result was balanced budgets and some of the greatest fiscal responsibility was seen we've seen in modern times from congress because fiscal conservatives stood together and said we need to be responsible. >> woodruff: let me ask you about a couple of other issues. that is guns. you're a long-time proponent of gun rights. you're the father of two young girls ages 4 and 2. after those terrible shootings at that h elementary school in c
government debt, u.s. government bonds again. >> you fast forward to the debt ceiling. i think that's the mirror image of the fiscal cliff. because the default, if nothing happens, is that the debt ceiling is not raised. what that means it doesn't mean, as some who would demagogue this issue suggest, i doesn't mean a default on our debt. whatnot raising the debt ceiling would mean is a partial government shutdown. roughly 40 cents of every dollar the federal government spends is borrowed....
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the debt ceiling guarantees a crisis. it guarantees that the markets will all cave in on the republicans. and the republicans in the end will give up. >> let me get a break, ej, and we'll come back with you. i want to talk about the strategy, whether there's a government shutdown in the future, as well as what this fight means to the president's second term and his agenda -- guns, immigration, other >>> back with more of our roundtable. and we're talking about the coming fights, ej, which include the threat from some republicans of a government shutdown or at least using the debt ceiling debate as ransom. you heard leader mcconnell not back away from that. is that the future here, the near term future of the president's second term? >> i just want to say on sandy relief, i don't understand why the house walked away from something that congress has done in every other disaster. but i almost never get a chance to do this, so i want to say that i hope republicans listen to newt gingrich. because newt gingrich is absolutely r
the debt ceiling guarantees a crisis. it guarantees that the markets will all cave in on the republicans. and the republicans in the end will give up. >> let me get a break, ej, and we'll come back with you. i want to talk about the strategy, whether there's a government shutdown in the future, as well as what this fight means to the president's second term and his agenda -- guns, immigration, other >>> back with more of our roundtable. and we're talking about the coming fights,...
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i don't like the concept of using the debt ceiling as a negotiating tool because the debt ceiling is a process by which you authorize payment for spending you've already taken on, you've already approved. but a month after our debt ceiling debate, we have an actual government shutdown proposal, that is, a proposal to keep funding the government over the next six months. very short-term measure. why does that exist? l.z. said, why do we keep putting those out there? it's because two reasons. the government has not passed a budget for four years. budgets are just policy plans. they don't actually authorize spending. still it shows some responsibility, and the government's neglected to do that for almost four years. in the short term, the senate has also not taken up the responsibility of passing appropriations bills. those that actually authorize spending. so we have these short-term government funding mechanisms. you did the story, i'm sure, six months ago, carol, a year ago, over government shutdowns, and we're going to do this as long as they don't figure out how to set spending pla
i don't like the concept of using the debt ceiling as a negotiating tool because the debt ceiling is a process by which you authorize payment for spending you've already taken on, you've already approved. but a month after our debt ceiling debate, we have an actual government shutdown proposal, that is, a proposal to keep funding the government over the next six months. very short-term measure. why does that exist? l.z. said, why do we keep putting those out there? it's because two reasons. the...
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caller: the debt ceiling should be frozen. c-span and any other public speaker on the airways should make it clear that the debt of the united states will not go into default because the country collects 200 billion in taxes and the debt payment is 40 billion. how would you prioritize any remaining of the $170 billion? host: how do you think this battle will go down? caller: the republicans need to stick to their guns. vote to not increase the debt limit. engage the public to prioritize spending. social security should be first. the payment to support the injured veterans and any other priorities. there will be $170 billion per month left to do that. let us take a look at the debt clock. this tracks the us national debt and federal spending. you can see the debt limit. carlton, kentucky, democrat. caller: the thing about the debt ceiling and spending, what congress needs to do is start working out a bill for jobs. you get people back to work and you bring in more revenue and taxes. it would increase the revenue. you have less
caller: the debt ceiling should be frozen. c-span and any other public speaker on the airways should make it clear that the debt of the united states will not go into default because the country collects 200 billion in taxes and the debt payment is 40 billion. how would you prioritize any remaining of the $170 billion? host: how do you think this battle will go down? caller: the republicans need to stick to their guns. vote to not increase the debt limit. engage the public to prioritize...
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the debt ceiling guarantees a crisis. it guarantees that the markets will all cave in on the republicans. and the republicans in the end will give up. >> let me get a break, ej, and we'll come back with you. i want to talk about the strategy, whether there's a government shutdown in the future, as well as what this fight means to the president's second term and his agenda -- fight means to the president's second term and his agenda -- guns, immigration, other at a dry cleaner, fight means to the president's secowe replaced peopleenda -- gunswith a machine.other what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. you know it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance trea
the debt ceiling guarantees a crisis. it guarantees that the markets will all cave in on the republicans. and the republicans in the end will give up. >> let me get a break, ej, and we'll come back with you. i want to talk about the strategy, whether there's a government shutdown in the future, as well as what this fight means to the president's second term and his agenda -- fight means to the president's second term and his agenda -- guns, immigration, other at a dry cleaner, fight means...
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things like the debt ceiling? >> well, i don't think we could afford to let it get in the way of debt ceiling. we only have two or three months to get that done. that fight is getting frankly much more difficult than the fiscal cliff was. we have the debt limit which the president quite rightly has said he won't engage on that. we can't hold that kind of a revolver to the economy that way. but, nonetheless, the gop can shut down the government if it chooses. we have the sequester. so we have to deal with those issues. >> is that where we're headed? because there's been at least one suggestion by one republican that maybe a government shutdown is just what we need. >> well, i don't know. it didn't work out so well for the gop in 1994. i don't think it's the right thing. i would hope instead of looking forward to government shutdown we would be looking forward to finding a new way to work together in this new year. that's really what the american people are asking for. it's not too much to ask. but it will be intere
things like the debt ceiling? >> well, i don't think we could afford to let it get in the way of debt ceiling. we only have two or three months to get that done. that fight is getting frankly much more difficult than the fiscal cliff was. we have the debt limit which the president quite rightly has said he won't engage on that. we can't hold that kind of a revolver to the economy that way. but, nonetheless, the gop can shut down the government if it chooses. we have the sequester. so we...
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. >> let me turn your attention to the debt ceiling debate which will ramp up in earnest to the extent it didn't already on sunday morning talk shows. you were made aware of analysis that indicates we will hit that debt ceiling maybe even sooner or than the treasury will have to start taking its ex record to marry steps even sooner than we thought. so what happens if we really get to the point where we go over, and what the next steps? what does the treasury do? >> very difficult choices. the treasury would have to prioritize bill paying. they could do it by the day. do it by the type of expense they are going to repay. presumably sovereign debt would be repaid first. but given the fact this is unprecedented, never happened before, you could have the president reconsidering his assertion that he could not use executive authority. the president said he does not believe that under the constitution he can un latry raise the debt ceiling. but some disagree and urge him to do that. he said he will not negotiate with congress at all. so you have to think that is at east in the background. th
. >> let me turn your attention to the debt ceiling debate which will ramp up in earnest to the extent it didn't already on sunday morning talk shows. you were made aware of analysis that indicates we will hit that debt ceiling maybe even sooner or than the treasury will have to start taking its ex record to marry steps even sooner than we thought. so what happens if we really get to the point where we go over, and what the next steps? what does the treasury do? >> very difficult...
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ceiling. >> over the debt ceiling? i actually think that there's enough momentum to say let this one go. that again in happy clappy mode normally i would say the republicans, they're going to do whatever they can to screw the president over and the nation over. but i think that at this point they may let it go or i'm hoping obama stands his ground so firmly as to say maybe the 14th amendment solution, i heard another solution this week that said that the debt ceiling is -- it is even beyond the 14th amendment the debt ceiling is simply what obligation does he have first to the debt ceiling or to paying the actual debts. and that the safety of the nation impels him to actually pay the debt. >> stephanie: yep. we'll see. nancy pelosi is talking about that. we'll see how it plays out. we may end up with a trillion dollar coin and some really great movies. >> i'm tellin' ya, ocean's 14 is going to happen! >> stephanie: ocean's 14. love you rudeness. see you next week. 46 minutes after the hour. right back on "the stephanie
ceiling. >> over the debt ceiling? i actually think that there's enough momentum to say let this one go. that again in happy clappy mode normally i would say the republicans, they're going to do whatever they can to screw the president over and the nation over. but i think that at this point they may let it go or i'm hoping obama stands his ground so firmly as to say maybe the 14th amendment solution, i heard another solution this week that said that the debt ceiling is -- it is even...
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gerri: to tht point, e have the debt ceiling looming. if we were to find a solution for the debt ceiling fro whetr it makes democrats or republicans happy, we have some kind of resolution on the fiscal cliff. if we were to do the debt ceiling and take care of sequestration, do you think employers will start hiing? >> the best we could do would be to come up with a credible long-term plan. gerri: credible long-term plan on capitol hill and the white house. are you kidding? >> u.s. you're right. the problem here is, between now and the end of february is everyone goin to say, well, here is a we need to do? are they going to agree on it? the republicans, i think, have corrected said we have done something on taxes. we raised it for everybody who works to raise taxes for those nasty rich folk. now cut spending in order to get on a gravel path to reduce he deficit. >> we enacted the greast tax cut in american history. 25 million new jobs. the american economy had confidence in president reagan. in what direction was going to be. that is what
gerri: to tht point, e have the debt ceiling looming. if we were to find a solution for the debt ceiling fro whetr it makes democrats or republicans happy, we have some kind of resolution on the fiscal cliff. if we were to do the debt ceiling and take care of sequestration, do you think employers will start hiing? >> the best we could do would be to come up with a credible long-term plan. gerri: credible long-term plan on capitol hill and the white house. are you kidding? >> u.s....
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ceiling, and i'm being told, you know, the debt ceiling, the sequester and then a continuing resolution to fund government spending is going to be an even bigger fight. what do you expect in the next couple of months? >> the sequester and the continuing resolution. whenever there's an agreement, maria, we look for two elements. content and momentum. was the content sufficient, and clearly it wasn't. that's why we have another crisis coming up. also we've got no momentum. it's not as if democrats and republicans came out feeling good about this. they came out feeling bad about this, and, therefore, there's absolutely no momentum for cooperation, so markets better have the seat belt on because we're going to have more political drama in the next few weeks. we're all talking about taxes going higher on the rich, and, yet, this social security tax is going to hit everybody. what impact will this have? >> so, you're right, in terms of economics, the biggest impact is on the payroll tax because the propensity to consume or put another way how much of each dollar is spent on goods and services
ceiling, and i'm being told, you know, the debt ceiling, the sequester and then a continuing resolution to fund government spending is going to be an even bigger fight. what do you expect in the next couple of months? >> the sequester and the continuing resolution. whenever there's an agreement, maria, we look for two elements. content and momentum. was the content sufficient, and clearly it wasn't. that's why we have another crisis coming up. also we've got no momentum. it's not as if...
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ceiling or hitting the debt ceiling, that window begins february 15 a, ends march 1st. that's sooner than people expected. there are ways in which the treasury might get additional wiggle room in they delay tax refunds but if they don't take that step which would be unpopular and risk hooe, treasury would have to, no later than mar much 1, prioritizing its bills, figuring out by the day or category, which bills it was going to honor. it is unprecedented for the u.s. government to not honor all of its obligation chess is why steve bell is a veteran senate republican budget policy aid who gave this briefing at the center, said he wouldn't rule out the prospect that white house would reconsider the president's statements that he lacks under the constitution, the executive authority to out laterally lift the debt ceiling. well see whether the administration sticks to that line, if congress doesn't act, which is a big if. >> how did we get the original estimate so wrong then? >> we didn't. the center accurately called when the treasury would hit the debt ceiling in a technic
ceiling or hitting the debt ceiling, that window begins february 15 a, ends march 1st. that's sooner than people expected. there are ways in which the treasury might get additional wiggle room in they delay tax refunds but if they don't take that step which would be unpopular and risk hooe, treasury would have to, no later than mar much 1, prioritizing its bills, figuring out by the day or category, which bills it was going to honor. it is unprecedented for the u.s. government to not honor all...
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he's back to face new battles over spending cuts and raising the country's debt ceiling. elizabeth corridan has more on that. >> "i believe we need to raise the debt ceiling, but if we don't raise it without a plan to get out of debt, all of us should be fired." if you have a comment or story idea for stanley, e- mail us at peoplebehavingbadly@kron4.co m >> reporter: strong words for a new congress, the new years deadline for the so-called "fiscal cliff" has come and gone. now lawmakers start a new session under pressure to avert another financial crisis - this time over raising the debt ceiling. if an agreement isn't reached by late february or early march, the united states risks defaulting on its financial obligations. the argument this time around will be over how much congress will agree to cut spending. >> "the bottom line is we can't continue down the path we're on of borrowing money to pay our own debt with, and we've got to have serious spending cuts. we've got to have dollar for dollar within the same year." >> reporter: >> reporter: but key democrats say the de
he's back to face new battles over spending cuts and raising the country's debt ceiling. elizabeth corridan has more on that. >> "i believe we need to raise the debt ceiling, but if we don't raise it without a plan to get out of debt, all of us should be fired." if you have a comment or story idea for stanley, e- mail us at peoplebehavingbadly@kron4.co m >> reporter: strong words for a new congress, the new years deadline for the so-called "fiscal cliff" has come...
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this time, over raising the debt ceiling. if an agreement is not reached by late february or early march the united states risks defaulting on its financial obligations and the altru will be on how much congress will agree to cut spending. >> the bottom line is that we can't continue down the path we're on to borrow money to pay our own debt. we have have to have serious spending cuts. >> reporter: key democrats say they are not related. >> people are going to say i will not pay my bills unless you stop buying stuff, well stop buying stuff so you don't have future bills, but right now we have to pay the bills that have been incurred. don't tie it to the debt ceiling. >> reporter: a big part of balancing this budget is in fact, getting people back to work? >> that balances us twice and that another is big piece of it. >> reporter: president obama says he will not neglect can congress on whether they should pay their bills. some republicans are questioning his fiscal leadership. >> what is really disappointing to me is that the
this time, over raising the debt ceiling. if an agreement is not reached by late february or early march the united states risks defaulting on its financial obligations and the altru will be on how much congress will agree to cut spending. >> the bottom line is that we can't continue down the path we're on to borrow money to pay our own debt. we have have to have serious spending cuts. >> reporter: key democrats say they are not related. >> people are going to say i will not...
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advantage in the negotiation on the debt ceiling. if we can stand strong and insist on number one structural reforms to fix the problem and number two, progrowth policies to grow the economy and get jobs back and get people back to work i think we with win that debate and win that argument. i don't think what washington needs is more compromise. i think washington needs more common sense and more principle. >> it is good to get to know you. thanks so much for dropping by and good luck. >> thank you for having me. >> appreciate it. >> up next, a new year, a new congress. we'll ask our political panel if the political well is still poison. >>> our economy captain afford more protracted showdowns or manufactured crises along the way. >> the american dream is in peril so long as its name sake is weighed down by this anchor of debt. break its hold and we begin to set our economy free. >> the president and the speaker of the house on the perils and possibilities of the tough fiscal battles that yet lie ahead. time for our sunday panel. bri
advantage in the negotiation on the debt ceiling. if we can stand strong and insist on number one structural reforms to fix the problem and number two, progrowth policies to grow the economy and get jobs back and get people back to work i think we with win that debate and win that argument. i don't think what washington needs is more compromise. i think washington needs more common sense and more principle. >> it is good to get to know you. thanks so much for dropping by and good luck....
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the president says he will not negotiate a bar raising the debt ceiling. that is paying the bills we have already incurred a, not setting a new standard. he has to negotiate, but he also has the possibility, instead of just letting us rolling the dice as simply saying he's going to break it. if he does that, there will be a court case, but that will take time. >> they want to jeopardize the full faith and credit of the united states by refusing to raise the debt limit, they will pay the consequences. >> you may want to refer to an impassioned speech obama gave in 2006 against raising the debt ceiling in the senate and the explain why we were robbing the future of the country. >> all the presidents have -- >> allowing the debt ceiling to rise automatically. >> let's go back toe for sandy. why did he leave that? he opened himself up to scathing criticism. >> i do not understand it. eric cantor assured them they would get a vote and it would pass the senate. it was predictable that this would blow up and he walked away from it. you would think you would have
the president says he will not negotiate a bar raising the debt ceiling. that is paying the bills we have already incurred a, not setting a new standard. he has to negotiate, but he also has the possibility, instead of just letting us rolling the dice as simply saying he's going to break it. if he does that, there will be a court case, but that will take time. >> they want to jeopardize the full faith and credit of the united states by refusing to raise the debt limit, they will pay the...
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nobody came out of that debt ceiling debate looking good. obama's ratings went down, but the republican party's ratings went down much further. and that was when we first really started to see a wider opening in the gap of for perceptions of the two political parties, the leaders of the two political parties. and the republican party has not overcome that image now, and they're going into a very similar debate from the public's perspective now playing at least to this point a very similar strategy. and it's probably, you know, not going to work terribly well for them if they don't sort of shift a little bit. >> yes, sir, right here. >> how do you factor into your polls what, i guess, political campaign workers would call ground game? i mean, when they talk about obama outperformed his polls in these five states, you have to attribute some of that to get out the vote efforts and field offices and field organizers. do you try to factor that in before? and how do you deal with the rise of early voting, especially with exit polls where you can't
nobody came out of that debt ceiling debate looking good. obama's ratings went down, but the republican party's ratings went down much further. and that was when we first really started to see a wider opening in the gap of for perceptions of the two political parties, the leaders of the two political parties. and the republican party has not overcome that image now, and they're going into a very similar debate from the public's perspective now playing at least to this point a very similar...
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i'm not going to talk about the debt ceiling. we have yet to cut one dime from the last debt ceiling agreement and now here it's time. we've got to stop the madness. >> democratic congressman says it's quote, reckless and irresponsible not to pay bills that are due. >> molly henneberg, thank you. after decades of service to our country, this former general could be found in civilian clothes, not necessarily by choice. general stanley mcchrystal talking about what cut his career short and the man who become the 37th u.s. president was born in a house. the richard nixon library and museum has a plan for the centennial. we'll go live there for the details. ♪ people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i kn what i could save before i switched to progressive. the better i drive, the more i save. i wi our company had something this cool. you're not filming this, are yo
i'm not going to talk about the debt ceiling. we have yet to cut one dime from the last debt ceiling agreement and now here it's time. we've got to stop the madness. >> democratic congressman says it's quote, reckless and irresponsible not to pay bills that are due. >> molly henneberg, thank you. after decades of service to our country, this former general could be found in civilian clothes, not necessarily by choice. general stanley mcchrystal talking about what cut his career...
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i'm not going to talk about the debt ceiling. we have yet to cut one dime from the last debt ceiling agreement and now here it's time. we've got to stop the madness. >> democratic congressman says it's quote, reckless and irresponsible not to pay bills that are due. >> molly henneberg, thank you. after decades of service to our country, this former general could be found in civilian clothes, not necessarily by choice. general stanley mcchrystal talking about what cut his career short and the man who become the 37th u.s. president was born in a house. the richard nixon library and museum has a plan for the centennial. we'll go live there for the details. ♪ [ male announcer ] what are happy kids made of? bikes and balloons, wholesome noodles on spoons. a kite, a breeze, a dunk of grilled cheese. catches and throws, and spaghettio's. that's what happy kids are made of. campbell's. it's amazing what soup can do. >> he retired general stanley mcchrystal taking the blame nor a magazine article that essentially ended his military care
i'm not going to talk about the debt ceiling. we have yet to cut one dime from the last debt ceiling agreement and now here it's time. we've got to stop the madness. >> democratic congressman says it's quote, reckless and irresponsible not to pay bills that are due. >> molly henneberg, thank you. after decades of service to our country, this former general could be found in civilian clothes, not necessarily by choice. general stanley mcchrystal talking about what cut his career...
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all i can think about is the debt ceiling debate and we saw 2000 points stripped off without. what you think? >> well, it could be a real problem. the last big one we had was 1995, 1996, that was certainly a disaster for me publican sampling. it is not the right way to do things. it's a stupid way of trying to manage the budget. >> i couldn't agree with you more. the fact is this house of representatives is the last vestige of republicanism as when it comes to power in washington right now. i think their expectations are significantly well beyond the reality is what they can accomplish, or am i wrong? >> the house of representatives has originate all spending cuts. lou: another 4 trillion over the course of the next 10 years. 22 trillion at the end of obama's time in office, we are going to be looking at $26,000 in debt. thank you, mr. obama. >> the basic point is that te american people know that we have to have cutbacks in entitlement programs. lou: let's set aside the european tax rates. [talking over each other] lou: let me ask you this. if you don't think that the republi
all i can think about is the debt ceiling debate and we saw 2000 points stripped off without. what you think? >> well, it could be a real problem. the last big one we had was 1995, 1996, that was certainly a disaster for me publican sampling. it is not the right way to do things. it's a stupid way of trying to manage the budget. >> i couldn't agree with you more. the fact is this house of representatives is the last vestige of republicanism as when it comes to power in washington...
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the debt ceiling vote will authorize payment of debt we already incurred. let me show you an example of someone talking about the debt ceiling and getting it wrong. >> the president is addicted to spending. he wants to spend. he wants a new credit card after he's maxed out the last one. >> reporter: a better analogy is we maxed out the credit card we have and now we have to pay the bill. paying the bill is very important to the credit rating of the united states. >> just like we all have to do. >> yeah, right. we'll keep an eye on that one, scott. thank you for breaking it down. >>> meteorologist christina loren talking 60s today for this back to work monday. >> we'll get paid with sunshine this afternoon. good monday morning to you. temperatures this morning running cool. we have patchy fog out there to make you aware of. quarter mile or less in spots. quarter mile in livermore. half a mile in santa rosa. the good news is we'll lose that low cloud cover by noon today. 48 degrees as you break for lunch inland. you'll need your jacket at that point. hour by
the debt ceiling vote will authorize payment of debt we already incurred. let me show you an example of someone talking about the debt ceiling and getting it wrong. >> the president is addicted to spending. he wants to spend. he wants a new credit card after he's maxed out the last one. >> reporter: a better analogy is we maxed out the credit card we have and now we have to pay the bill. paying the bill is very important to the credit rating of the united states. >> just like...
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an opening for the president to raise the debt ceiling without congress saying a peep. now, we couldn't get lincoln and we couldn't get nancy but we did get danny as an illinois democratic congressman danny davis who is fine with all of this. good to have you. thanks for coming. >> well, thank you very much. you know, i agree that lincoln was a bold president and he made some bold and tough decisions and that is why many people think he was one of the best presidents we ever had. >> neil: i would agree he but i would -- i would hasten to add i don't think he would be onboard with playing games with constantly raising the debt ceiling, do you? >> i don't think that we are are constantly raising it but i do believe and i agree with -- >> neil: well, we have done it 52 times in the post war period, right? >> we have done it but we always paid our debts and we don't quibble about paying debts. it is something that we know we have to do. we make them and we must pay them. >> neil: congress appropriates the funds and you can't come back later on and say we are not paying. i d
an opening for the president to raise the debt ceiling without congress saying a peep. now, we couldn't get lincoln and we couldn't get nancy but we did get danny as an illinois democratic congressman danny davis who is fine with all of this. good to have you. thanks for coming. >> well, thank you very much. you know, i agree that lincoln was a bold president and he made some bold and tough decisions and that is why many people think he was one of the best presidents we ever had. >>...
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we've got the debt ceiling debt bait coming. peter, what's your take? >> well, i think the debt ceiling, we've been through that before -- once before. this second time i think it's going to be actually maybe too much to say a piece of cake, but we've seen it before and i think that we will sail through that. and earnings, i'm looking at earnings to be probably sideways this past quarter. going into 2013 i think it's going to be one heck of a year. >> you mean a strong year? >> yes. strong. >> and you think stocks react to that? >> i do. i think they will react very strongly. i think there's a lot of risk, uncertainty out there. but on top of that, i think you will see stock buybacks. and i also still think you will see some dividend increases which are great for investors. >> brian, do you think it's going to be a piece of cake the debt ceiling discussions? >> what? >> that's what he said. >> this has been a market place that since 2007, 2008, that reacts to every little sound bite. we're going to see some volatility during every time of situation or n
we've got the debt ceiling debt bait coming. peter, what's your take? >> well, i think the debt ceiling, we've been through that before -- once before. this second time i think it's going to be actually maybe too much to say a piece of cake, but we've seen it before and i think that we will sail through that. and earnings, i'm looking at earnings to be probably sideways this past quarter. going into 2013 i think it's going to be one heck of a year. >> you mean a strong year?...
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the debt ceiling vote will authorize payment for debt we already incurred. let me show you an example as someone talking about the debt ceiling and getting it wrong. >> the president is addicted to spending. he wants a new credit card after he maxed out the last one. >> that's a senator from wyoming. a better analogy would be we maxed out that credit card and we need to pay that bill. credit card companies want you to pay for what you bought before issuing that new card. >>> a big day for the 49ers faithful. in just hours tickets will go on sale for this weekend's divisional playoff game again the green bay packers. tickets will only be available online through ticket master starting at 10:00 this morning. the game will be played on saturday at the stick at 5:00. >>> on the college scene is the game for all of the glory number one ranked notre dame taking on number two alabama. that's the bcs national championship game in miami. alabama trying to claim its third national title in four years and become the very first school to win back to back bcs titles. kic
the debt ceiling vote will authorize payment for debt we already incurred. let me show you an example as someone talking about the debt ceiling and getting it wrong. >> the president is addicted to spending. he wants a new credit card after he maxed out the last one. >> that's a senator from wyoming. a better analogy would be we maxed out that credit card and we need to pay that bill. credit card companies want you to pay for what you bought before issuing that new card....
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this one over rizing the debt ceiling. republicans will not agree on taking on more debt without cuts on medicare, medicaid, and other social services. >> i think tax reform ought to be revenue neutral as it was back in the reagan years. we resolved that issue. with don't have this problem because we tax too little. we have it because we spend way, way too much. we settle the tax issue. the question is now can we address the single biggest threat to america's future. that's our excessive spending. >> some say this stand-up could be worse than the fiscal cliff fight. house minority leader nancy pelosi says the president should bypass the debate all together and sign the new debt ceiling into law. she told "face the nation" viewers that president has the 14th amendment on his side which states that the nation's debt shall always be paid. >>> po >>> pelosi met with hundreds of quaints and colleagues to talk about last year's chag lengs and accomplishments and this year's goals. in 2013 the democratic party will continue to fo
this one over rizing the debt ceiling. republicans will not agree on taking on more debt without cuts on medicare, medicaid, and other social services. >> i think tax reform ought to be revenue neutral as it was back in the reagan years. we resolved that issue. with don't have this problem because we tax too little. we have it because we spend way, way too much. we settle the tax issue. the question is now can we address the single biggest threat to america's future. that's our excessive...
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or could the debt ceiling derail your view on things? >> you know, i think we've been desensitizing, you know, all year long a little bit, joe, to some of these armageddon ending stories. last year was interesting. we had as many issues on the table, a spring swing in the economy. a slowdown landing in china, uncertain election, the fiscal cliff and yet the vix index hardly ever got above 20 during the year. whereas in 2010 and 2011 it spiked up to 45 during those panics where we just had an all-out stock market panic. so, i think every time we get through one of these, we desensitize more to it. i think the market also react less to the debt ceiling than they did to the fiscal cliff. >> okay. >> we get further and further away from the financial crisis and housing improves and the consumer seems a little bit better. unemployment gets a little bit better. people aren't as worried about losing their jobs. all of those things give it a firmer tone. >> i think so. i think that people are kind of starting to settle down in the idea that this
or could the debt ceiling derail your view on things? >> you know, i think we've been desensitizing, you know, all year long a little bit, joe, to some of these armageddon ending stories. last year was interesting. we had as many issues on the table, a spring swing in the economy. a slowdown landing in china, uncertain election, the fiscal cliff and yet the vix index hardly ever got above 20 during the year. whereas in 2010 and 2011 it spiked up to 45 during those panics where we just had...
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our democratic friends haven't passed a budget in three years. >> the debt ceiling is about spending that has already occurred. you are going to say i'm not going to pay my bills unless you stop being stuff? well, then stop buying stuff so you don't have future bills but right now we have to pay the bills that have been incurred. >> shepard: the president said on saturday that he will not compromise over raising the debt ceiling. won't even put that on the table. shannon bream with the news live in washington this afternoon. how you is this strategy work out for republicans, shannon? >> shannon: the president says if they refuse everyone from business owners to average americans will suffer but republicans are calling his bluff saying the debt ceiling gives them leverage that will force democrats to get serious about spending cuts and entitlement reform. here is house republican jim jordan. >> let's do it for a change instead of saying oh, give us more revenue and we promise we will cut spending later. give us more borrowing authority and let us run up the credit card more. we promis
our democratic friends haven't passed a budget in three years. >> the debt ceiling is about spending that has already occurred. you are going to say i'm not going to pay my bills unless you stop being stuff? well, then stop buying stuff so you don't have future bills but right now we have to pay the bills that have been incurred. >> shepard: the president said on saturday that he will not compromise over raising the debt ceiling. won't even put that on the table. shannon bream with...